Valve Manufacturers Association Of America
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 05/1941
- Data as of
- 12/2021
- EIN
- 13-1432012
Organization Overview
Valve Manufacturers Association Of America is located in Washington, DC. The organization was established in 1941. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Valve Manufacturers Association Of America employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valve Manufacturers Association Of America is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Valve Manufacturers Association Of America generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE BUSINESS CLIMATE FOR ITES MEMBERS' OPERATIONS AND PROFITABILITY, AND STRENGTHEN THE VALVE INDUSTRY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND SEMINARS: ENABLE INDUSTRY MEMBERS TO STAY ABREAST OF PROBLEMS, OPPORTUNITIES, REGULATIONS, ETC. WHICH AFFECT THE MARKETPLACE IN WHICH THEY FUNCTION THROUGH A VARIETY OF MEETINGS AND SEMINARS.
STATISTICAL SERVICES: COMMUNICATE INDUSTRY STATISTICS, MARKET FORECASTS AND ECONOMIC PROFILES TO MEMBERS IN THE INDUSTRY.
PUBLICATIONS: MAGAZINES, NEWSLETTERS AND SPECIAL REPORTS WHICH INFORM THE INDUSTRY ABOUT POLITICAL MARKETS, CURRENT TRENDS AND REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Rhoderick President | Officer | 40 | $222,258 |
Marc Pasternak Vice- President | Officer | 40 | $126,553 |
Andrew Duffy Director | Trustee | 0 | $0 |
Arie Bregman Director | Trustee | 0 | $0 |
Kevin Mckown Director | Trustee | 0 | $0 |
Kirk Wilson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,217,988 |
| Investment income | $21,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,239,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,223 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,467 |
| Payroll taxes | $29,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,329 |
| Fees for services: Accounting | $58,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,811 |
| Fees for services: Other | $120,548 |
| Advertising and promotion | $0 |
| Office expenses | $113,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,137 |
| Travel | $5,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206,796 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,862 |
| Insurance | $3,068 |
| All other expenses | $0 |
| Total functional expenses | $1,392,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,000 |
| Savings and temporary cash investments | $149,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,928 |
| Net Land, buildings, and equipment | $8,069 |
| Investments—publicly traded securities | $929,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,264,435 |
| Accounts payable and accrued expenses | $207,173 |
| Grants payable | $0 |
| Deferred revenue | $37,744 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,916 |
| Total liabilities | $270,833 |
| Net assets without donor restrictions | $993,602 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,264,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For Cariovascular Angiography And Interventions Washington, DC | $11,082,796 | $7,373,071 |
Pulmonary Hypertension Association Inc Washington, DC | $23,595,469 | $6,905,835 |
American Society Of Nuclear Cardiology Fairfax, VA | $8,246,675 | $3,510,626 |
International Board Of Heart Rhythm Examiners Inc Washington, DC | $3,183,840 | $1,471,325 |
Valve Manufacturers Association Of America Washington, DC | $1,264,435 | $1,239,567 |
Military Order Of The Purple Heart Of The Usa Springfield, VA | $3,829,714 | $743,495 |
National Forum For Heart Disease Washington, DC | $2,132,783 | $2,227,725 |
Stroke Comeback Center Vienna, VA | $795,388 | $922,030 |
Manufacturers Standardization Society Of The Valve & Fittings In Vienna, VA | $2,991,924 | $935,103 |
Heart Health Foundation Annapolis, MD | $159,644 | $60,608 |
Cardiac Neurodevelopmental Outcome Collaborative Richmond, VA | $328,730 | $257,405 |
Hearth Patio & Barbecue Association Charlottesville, VA | $115,466 | $98,500 |